Zcash Falls 50% to $264.80 on Orchard Flaw, Rebounds 18%; NEAR and WLD Retreat

According to Bitcoin.com News, on June 4, Zcash fell roughly 50% to an intraday low of $264.80 after a soundness flaw in its Orchard shielded pool was disclosed by security researcher Taylor Hornby. The bug could have theoretically allowed undetectable counterfeit ZEC creation; developers patched it via emergency upgrade with no funds stolen. ZEC then rebounded about 18% over the following 24 hours as buyers treated the patched vulnerability as contained.

Near Protocol's NEAR eased back toward $1.91 from a recent peak near $2.41, unwinding gains tied to AI-token rotation. Worldcoin's WLD slid to around $0.40 from $0.55, losing roughly 35% from its recent high. BitMEX co-founder Arthur Hayes' Maelstrom fund had publicly backed all three tokens before exiting; Hayes sold his positions as the rallies reversed, declaring the broader narrative-driven cycle exhausted.